The Oil & Gas Potential Proven Reserves in Africa
By Admin
Published On March 6, 2023
Top 5 of African Countries with natural gas proven reserves
According to the International Energy Agency, global natural gas consumption will increase by more than 40% between 2018 and 2050 reaching nearly 200 quadrillion Btu. This is a solid opportunity for African fuel-producing countries, but faced with domestic needs, it will be up to Africa to choose the best resource management option between export and domestic consumption.
Many analysts advocate arbitration which will consist in finding the balance between the 2 options. This while the continent’s energy demand continues to grow and it is necessary to generate foreign currency to finance development efforts.
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